Join The Discussion

 

Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

read more >

Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

read more >

Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

read more >

Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

read more >

Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

read more >

 

Oil higher as Ukraine rebels escalate conflict 


The Associated Press

The price of oil edged higher Tuesday on worries over potential supply disruptions after pro-Russian rebels escalated the Ukrainian conflict by occupying a major airport, just hours after a billionaire businessman won Ukraine's presidential election.

Prices had fallen after Ukraine's president-elect, Petro Poroshenko, said Monday he wanted talks with Moscow on ending the insurgency in the country's east.

Benchmark crude for July delivery was up 5 cents to $104.40 a barrel at 0625 GMT in electronic trading on the New York Mercantile Exchange. Due to a U.S. public holiday, the contract last settled on Friday, when it closed at $104.35.

Brent crude, a benchmark for international oils, gained 41 cents to $110.73 on the ICE exchange in London.

Ukraine is a key conduit for Russian gas deliveries to Europe. A proposed solution to a dispute over Ukrainian natural gas debts to Moscow raised hopes that a supply cutoff would be averted. Russia's acceptance of Poroshenko's victory was also regarded as a sign of easing tensions.

The resurgence of fighting, as the government in Kiev responded with an airstrike to the rebels' occupation of the airport in Donetsk, a city of about 1 million in eastern Ukraine, underscored the uncertainties that remain.

In other energy futures trading in New York.

— Wholesale gasoline was down 0.2 cent at $3.005 a gallon.

— Natural gas shed 1.5 cents to $4.39 per 1,000 cubic feet.

— Heating oil gained 1 cent to $2.965 a gallon.

 

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?